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Many people mistakenly view SIPs as either mutual funds or distinct from them. However, the fact is that a SIP (Systematic Investment Plan) is simply an investment approach, not a fund. It's a vehicle that allows you to invest periodically in a mutual fund or scheme of your choice. It allows investors to direct their money towards desirable equity-related funds and others. If you are currently investing in SIPs or if you are a novice, let's explore how quickly you can generate a sizeable corpus of Rs 7 crore with a monthly investment of Rs 20,000 in a systematic investment plan.

SIP is a way to invest in mutual funds, as it allows investors to channel their funds steadily into their mutual fund scheme of choice. It allows investors to invest a fixed amount in mutual funds. You can invest daily, weekly, monthly, quarterly, or yearly, depending on your choice. 

A Systematic Investment Plan (SIP) allows you to invest a fixed amount regularly. You can set up a SIP with a mutual fund company, instructing them to deduct a specified amount from your bank account at regular intervals, such as monthly, and invest it in your chosen mutual fund scheme. This approach helps you invest disciplined way and build wealth over time.

The investment amount will be Rs 24,00,000, the capital gains will be Rs 20,80,718, and the estimated retirement corpus will be Rs 44,80,718. 

The investment amount will be Rs 48,00,000, the capital gains will be Rs 1,35,97,147, and the estimated retirement corpus will be Rs 1,83,97,147.

The investment amount will be Rs 72,00,000, the capital gains will be Rs 5,44,19,464, and the estimated retirement corpus will be Rs 6,16,19,464.

The investment amount will be Rs 76,80,000, the capital gains will be Rs 7,01,56,755, and the estimated retirement corpus will be Rs 7,78,36,755.

It will take approximately 32 years to build over Rs 7 crore with Rs 20,000 monthly investment. 

Also Read: Best Multi Cap and Flexi Cap Mutual Funds with Highest SIP Returns in 3 years: Rs 25,000 monthly investment in No. 1 fund has grown to Rs 13.5 lakh in just 3 years

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